Acquisition of Leading SaaS Document Generation Provider Gives Nintex a Key Foothold in Burgeoning Enterprise Cloud Platform and Salesforce Ecosystem
Intrepid today announced the acquisition of its client, Drawloop Technologies, Inc., a leader in Software-as-a-Service document automation, creation, and delivery services, by Nintex, the global standard in workflow automation and a portfolio company of TA Associates and Updata Partners. Intrepid acted as the exclusive financial advisor to Drawloop. We initiated and negotiated the transaction, which closed on July 1, 2015.
“We’re in the business of helping individuals and organizations automate document creation. Our software eliminates the manual input of data into documents, which creates a better customer service experience and ultimately increases productivity and ROI,” said Todd Mezrah, CEO and Co-Founder of Drawloop. “Intrepid’s Technology team truly understood our growth path and strategic value and was instrumental in helping us complete a deal with a highly complementary partner that will leverage both companies’ strengths and allow us to continue Drawloop’s legacy.” Jim Roberson, President and Co-Founder of Drawloop added: “Todd and I started this company with the vision of using technology to solve major pain points in the corporate document ecosystem universally shared by all industries. We couldn’t be more excited about this deal and the future of the company.”
“Drawloop has been instrumental in providing significant efficiencies in automating the creation of document deliverables for organizations like LinkedIn, Expedia, Meritage Homes, and Tesla,” said Tristan Snyder, Co-Head of Intrepid’s Software & Services practice and Senior Vice President. “We’re delighted to have played a part in helping them consummate a deal with a highly strategic partner that complements the culture on which they have built their business and positions the company for continued large scale growth.”
Drawloop is a cutting-edge SaaS, document creation provider that fully automates and standardizes the document generation process for global enterprises and mid-market organizations. As a Salesforce OEM partner, the company has an established reputation within the Salesforce community and with its customers. Drawloop is also a Top 10 paid app on the Salesforce AppExchange with consistent Five-Star ratings. The Irvine, Calif.-based company was founded in 2001 by two highly visionary entrepreneurs and insurance industry veterans, who identified vast inefficiencies in the world of document creation and delivery.
Nintex, together with a global network of 1,100-plus partners, helps more than 5,000 customers in 90 countries improve productivity through workflow automation. With Nintex, customers have the capability to automate everyday business processes from the most simple to the most sophisticated with a few simple clicks. Nintex has been honored with the 2015 Microsoft Office and SharePoint Application Development Partner of the Year Award, DocuSign’s DTM Award for Newcomer/Rising Star Partner, and Seattle Business Magazine’s 100 Best Companies to Work For designation.
Nintex’s acquisition of Drawloop will accelerate its ability to develop and deliver cloud-based workflow functionality spanning Office 365 and Salesforce environments.
Intrepid’s Digital Media & Technology team has extensive experience across a broad range of subsectors, including Digital and Internet Marketing, Social and Mobile Media, Ad Tech, eCommerce, Software-as-a-Service, Cloud Computing, Big Data and Analytics, and Technology-Enabled Business Services.
Deal Team Contact
About Intrepid Investment Bankers
Intrepid Investment Bankers provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning of the client’s story and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through active membership in M&A International, an exclusive global alliance of M&A advisory firms.